Location: Baton Rouge, LA | Metro: Baton Rouge, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
U.S. Census Bureau data (2024)
The ZIP code 70759 presents a notable opportunity for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 934, it's evident that 20.9% of residents are renters, indicating a significant portion of the community relies on rental housing. However, this percentage suggests that the area is not heavily dominated by renters; rather, it leans towards a mixed housing market.
The median household income in ZIP 70759 is $49,125, which provides a crucial benchmark when considering the affordability of rent. The current market rent stands at $906 per month, representing approximately 18.4% of the median income. This figure aligns well with the financial capacity of most households in the area, making it feasible for them to afford rent without significant strain.
In comparison to the Fair Market Rent (FMR) of $1360, set for FY 2024, the actual market rent of $906 is notably lower. This discrepancy indicates that landlords in ZIP 70759 could potentially attract a broader range of tenants, including those who might not qualify for the higher FMR threshold but still require affordable housing options.
Given these conditions, landlords in ZIP 70759 should anticipate a tenant pool primarily composed of low-income individuals and families who rely on housing vouchers to secure their living arrangements. These tenants will likely be seeking stability and affordability, valuing properties that offer a safe and comfortable environment at a price point they can manage comfortably.
To summarize, while ZIP 70759 isn't overwhelmingly renter-heavy, it does present a viable market for Section 8 tenants due to its lower-than-FMR rental rates and a substantial number of residents who could benefit from such assistance. Landlords should prepare to cater to a tenant base that is sensitive to cost and seeks reliable housing solutions.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.